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11 bedroom detached house for sale
London Road, Alvaston, Derby DE24
£600,000
London Road, Alvaston, Derby DE24
£600,000
Our Summary
- With multiple en suites, large communal areas and scope to increase income, it's the perfect opportunity for investors seeking high-yield returns in Derby
- DESCRIPTIONAn exciting opportunity to acquire this substantial 10/11 bedroom detached property on London Road, currently operating as an established guest house but offering outstanding potential for conversion into a high-yielding HMO
- As a 10-bedroom HMO with conservative estimated rents of £550 per room per calendar month the property could generate approximately £5,500 PCM / £66,000 PA, with scope to increase income by adding additional en suites or converting rooms into studio-style units
- With strong transport links, nearby employment hubs and continuous tenant demand, this property represents an exceptional investment opportunity
- Additional shower rooms and potential for further bathrooms
- Estimated HMO income of £5,500 PCM with scope to increase
- Estimated HMO income of £5,500 pcm with scope to increase
Description
This rare 10/11 bedroom detached property on London Road in Derby offers exceptional size and strong potential for conversion into a high-yielding HMO. The property features multiple en-suite bedrooms, large communal areas, and parking for 4-5 cars. With a strong layout for long-term rental use, the property could generate approximately £5,500 per month, with scope to increase income by adding additional en suites or converting rooms into studio-style units. Located close to Pride Park, Derby Train Station, and Derby City Centre, the property sits in a prime rental area with consistent demand from working professionals. With strong transport links, nearby employment hubs, and continuous tenant demand, this property represents an exceptional investment opportunity.